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Awesome Oscillator (AO)

KINSKI Multi Trend OscillatorThe Multi Trend Oscillator is a tool that combines the ratings of several indicators to facilitate the search for profitable trades. I was inspired by the excellent indicator "Technical Ratings" from Team TradingView to create an alternative with a technically new approach. Therefore, it is not a modified copy of the original, but newly conceived and implemented. The recommendations of the indicator are based on the calculated ratings from the different indicators included in it. The special thing here is that all settings for the individual indicators can be changed according to your own needs and displayed as a histogram and MA line. This provides an excellent visual control of your own settings. Alarms are also triggered. Criteria for determining the rating Relative Strength Index (RSI) Buy - Crossover oversold level and indicator < oversold level and rising Sell - Crossunder oversold level and indicator >= oversold level and falling Neutral - neither Buy nor Sell Relative Strength Index (RSI) Laguerre Buy - Crossover Oversold Level and Indicator < Oversold Level and rising Sell - Crossunder oversold level and indicator >= oversold level and falling Neutral - neither Buy nor Sell Noise free Relative Strength Index (RSX) Buy - Crossover Oversold Level and Indicator < Oversold Level and rising Sell - Crossunder oversold level and indicator >= oversold level and falling Neutral - neither Buy nor Sell Money Flow Index (MFI) Buy - Crossover Oversold Level and Indicator < Oversold Level and rising Sell - Crossunder oversold level and indicator >= oversold level and falling Neutral - neither Buy nor Sell Commodity Channel Index (CCI) Buy - Crossover Oversold Level and Indicator < Oversold Level and rising Sell - Crossunder oversold level and indicator >= oversold level and falling Neutral - neither Buy nor Sell Moving Average Convergence/Divergence (MACD) Buy - values of the main line > values of the signal line and rising Sell - values of the main line < values of the signal line and falling Neutral - neither Buy nor Sell Klinger Buy - indicator >= 0 and rising Sell - indicator < 0 and falling Neutral - neither Buy nor Sell Average Directional Index (ADX) Buy - indicator > 20 and +DI line crosses over the -DI line and rising Sell - indicator > 20 and +DI line crosses below the -DI line and falling Neutral - neither Buy nor Sell Awesome Oscillator Buy - Crossover 0 and values are greater than 0, or exceed the zero line Sell - Crossunder 0 and values are lower than 0, or fall below the zero line Neutral - neither Buy nor Sell Ultimate Oscillator Buy - Crossover oversold level and indicator < oversold level and rising Sell - Crossunder oversold level and indicator >= oversold level and falling Neutral - neither Buy nor Sell Williams Percent Range Buy - Crossover Oversold Level and Indicator < Oversold Level and rising Sell - Crossunder Oversold Level and Indicator >= Oversold Level and falling Neutral - neither Buy nor Sell Momentum Buy - Crossover 0 and indicator levels rising  Sell - Crossunder 0 and indicator values falling  Neutral - neither Buy nor Sell Total Ratings The numerical value of the rating "Sell" is 0, "Neutral" is 0 and "Buy" is 1. The total rating is calculated as the average of the ratings of the individual indicators and are determined according to the following criteria: MaxCount = 12 (depending on whether other oscillators are added). CompareSellStrong = MaxCount * 0.3 CompareMid = MaxCount * 0.5 CompareBuyStrong = MaxCount * 0.7 value <= CompareSellStrong - Strong Sell value < CompareMid and value > CompareSellStrong - Sell value == 6 - Neutral value > CompareMid and value < CompareBuyStrong - Buy value >= CompareBuyStrong - Strong Buy Understanding the results The Multi Trend Oscillator is designed so that its values fluctuate between 0 and currently 12 (maximum number of integrated indicators). Its values are displayed as a histogram with green, red and gray bars. The bars are gray when the value of the indicator is at half of the number of indicators used, currently 12. Increasingly saturated green bars indicate increasing values above 6, and increasingly saturated red bars indicate increasingly decreasing values below 6. The table at the end of the histogram shows details (can be activated in the settings) about the overall rating and the individual indicators. Its color is determined by the rating value: gray for neutral, green for buy or strong buy, red for sell or strong sell. The following alarms are triggered: Multi Trend Oscillator: Sell Multi Trend Oscillator: Strong Sell Multi Trend Oscillator: Buy Multi Trend Oscillator: Strong Buy
Pine Script® indicator
by KINSKI
2
RSI Failure Swings & AO DivergencesHello! The script identifies RSI divergences, similar to other public scripts; however, RSI failure swings are also distinguished. When a failure swing is identified, the script calculates the highest RSI measurement (bottom failure swing) or the lowest RSI measurement (top failure swing) between the two RSI pivot points. A continually updating line is plotted at the "fail point" until it is penetrated for two sessions! In addition, the script displays the RSI fail point measurement. RSI bearish divergences are only distinguished when both RSI peaks form above 70. bullish divergences are only distinguished when both RSI troughs form below 30. Top failure swings require the initial RSI peak be above 70, the second RSI peak can form at any measurement. Bottom failure swings require the initial RSI trough be below 30, the second RSI trough can form at any measurement. Included are Awesome Oscillator divergences. The indicator is a bit tricky; the oscillator does not incorporate an upper or lower extremity. Consequently, the script uses interpolated percentiles to characterize relatively high measurements and relatively low measurements. Bearish divergences that form within the 90th - 99th percentile are distinguished, and bullish divergences that form within the 1 - 10th percentile are distinguished. This can CERTAINLY be changed should you copy the source code and think of something better! For AO, white columns reflect a difference measurement >= 0; black bars reflect a difference measurement < 0
Pine Script® indicator
by KioseffTrading
12
OS AO (P-unity MACD)This is both the Awesome Oscillator (AO) as described in New Trading Dimensions ( NTD , book by Bill Williams ), and the Profitunity MACD described in the first edition of Trading Chaos. The calculation for both is the same. In this case I added the 5 day SMA which is the blue line. The difference between the blue line and the AO is the AC which is also described in NTD and is usually plotted in a different indicator (AC). This is the base for the following signals: Zone Bar 2nd Wise Man The signals are triggered and shown on the main chart screen through the use of OS Alligator . This indicator (AO) provides further insight in analyzing those signals by reading the AO, its current position and evolution directly.
Pine Script® indicator
by ownsov
Rainbow Indicator - Polfwack ProThis is a reverse engineered completely free Version of an Indicator that you would normally have to spend huge amounts of money on. I personally believe that no one should pay a fortune for access to an Indicator that contains huge amounts of freely available stuff. This indicator claims to be even better than Market Cipher. Turns out it uses - just as Market Cipher, freely available Indicators and puts them in a nice looking package. I packed in as much as it made sense, the original Indicator is visually very cluttered with - in my opinion, too much random stuff that I have left out for a cleaner look, for example the truckload of entry signals, MFI and that Autotrendline feature that no one really needs because the human brain is way better at drawing lines. Was is included? From top to bottom: 1st Bar -> Color coded RSI status. It shows Oversold and Overbought, Bullish, Hidden Bullish, Bearish and Hidden Bearish Divergences. 2nd Bar -> Color coded Market Structure Analyser. It shows if the market is currently ranging, bullish or bearish based on calculated pivots and outbreaks of said pivots. Bullish and Bearish breaks are also being printed. Main Oscillator -> An Awesome Oscillator (AO) that prints bullish, hidden bullish, bearish and hidden bearish divergences as well as positive and negative Pivot Points. Bollinger Bands -> They are following the AO and are color coded to the long term trend indicator for less visual clutter. Secondary Oscillator -> Accelerator Oscillator (AC). 3rd Bar -> Color coded longer term trend indicator, it mirrors the color code on the Bollinger Bands. The original uses an ATR-based calculation, but I found a Kumo cloud to be more simple and more reliable for this kind of thing. 4th Bar -> Color coded mirror of the Accelerator Oscillator. I tried to make the whole Indicator as adjustable as possible, most of the variables can be edited to your liking. On the internet you can find all sorts of strategies for every single of the included indicators. I hope that I have saved you at least some money. Good luck.
Pine Script® indicator
by AdonisWerther
44
Awesome Oscillator_VTX Abbreviations: AO - Awesome Oscillator AC - Accelerator Oscillator TP - TimePeriod (1m,2m,5m,1h....) TP Steps - 1m,3m,12m,1h,5h,D (This steps i use) Use-case: Awesome Oscillator best used to find Divergence/Convergence what results in Weakening of Momentum and Price reversals. This script calculates and plots AO/AC with minute precision, removing GAPS when projecting Higher Period AO/AC. So you can accommodate all important information on one chart with best precision. Made for Intraday Perioads. Best used for DayTrading, when you need to make quick and efficient decisions. Calculation = Preferred resolution * Length / Present resolution. As Additional Function, this Awesome Oscillator has AC built in. Settings: Resolution - Most used TP included, plus some exclusive paid plans (1m, 2m, 3m, 5m, 12m, 15m, 1h, 4h, 5h, Daily). Default set to 1h Use AO - You can switch between EMA and SMA for FastMA/SlowMA calculation. Default set to EMA FastMA - standard function. Default set to 5 SlowMA - standard function. Default set to 34 Signal Line - Plots MA to show Momentum. Uses EMA/SMA based on "Use AO" selection. Default set to 5 Use AC - You can switch between EMA and SMA for AC calculation. Default set to SMA Offset - standard function. Default set to 0 Accelerator - AC length. Default set to 5 Source - standard function. Default set to hlc3 Why to use it ? Yes, i know that variable TP is standard now in TradingView. But there are some limitations, especially for DayTraders. Problem: Imagine you are trading/scalping on 1m.. 5m.. 15.. charts and you want to see where are your on Higher TP. -- You can change to 1h and check it, but you will loose the picture from smaller TP. -- You can use Standard TP function, but your data will update every 15m, 1h (depends on TP). And in result you have Gaps between bars. Solution: This script help to solve this problem, by breaking information down to 1m and building from there. So whatever Intraday TP you choose to trade, your AO/AC will be updated with minute precision. Limitations: Sadly nothing without limitations. 1. For Best performance use only Higher TP dividable By Yours (ex. You use 3m chart, then you can plot 12m, 15m, 1h / You use 5m chart, then you can plot 15m, 1h. 12m will already have 3m of information lost using 5m Chart )
Pine Script® indicator
by VikontTrade
4
Awesome Oscillator and MACD Histogram by SierraPilot (Lemrin)This is an indicator I stole from Lemrin. I added the plots for the MACD line and the Signal line and also changed the AO and MACD histo to an area plot. MACD = red and green. AO = blue and yellow. Green over top of Blue = possible reversal. Green overlaid over blue = uptrend. Yellow over top of Red = downside reversal possible. Yellow overlaid over Red = downtrend in progress. MACD and Signal line behave normally. Thanks to Lemrin for the majority of the code.
Pine Script® indicator
by Straddle_Bender
Awesome Oscillator with AntiStep CorrectionHere is the well-known Awesome Oscillator (AO), which I use to present the real purpose of this post: a function that provides step correction for simple moving averages (SMAs). We all know that any indicator based on moving averages lags real-time movement. Normally this is fine, but just after large ("step") changes in level, the pre-step values that are still within the SMA window cause the result to falsely reflect continued movement, even when real-time values remain flat. To counter this, when a step change of a configurable size is detected, I temporarily shrink the SMA window size to include only those values occurring since the step change, and then allow the size to increase to normal length as we move away from the step change. This is accomplished within the antistep_sma() function. Note that this will cause SMAs of different lengths (e.g. those used in the AO) to be temporarily equal, until the shorter of the two reaches its normal size and begins to leave the longer one behind again. You can see this above, where the AO, which is the difference of two SMAs, goes to 0 immediately after a sufficiently large step change--configured to 0.5% in this case.
Pine Script® indicator
by Lemrin
1
Awesome Oscillator and MACD HistogramThis is a quick script that combines two standard indicators, the Awesome Oscillator and MACD histogram, to highlight the beginnings of periods of fast price movement (divergence between the two). Since MACD's EMA responds more quickly than AO's SMA, look for periods of green over gold as a bullish signal, and red under blue as a bearish signal. Of course both indicators are lagging in nature, but the presence of this divergence often leads larger, continued movement in the same direction. Bullish Signals Change from red to green below 0 with either blue or gold above 0 (strengthened on second green bar): Rising green above 0 with gold below 0: Bearish Signals Change from green to red above 0 with either blue or gold below 0 (strengthened on second red bar): Deepening red below 0 with blue above 0:
Pine Script® indicator
by Lemrin
12
Bollinger Awesome Alert R1 by JustUncleLThis indicator is an implementation of the Bollinger Band and Awesome Oscillator Scalping system. This technique is for those who want the most simple method that is very effective. It is BEST traded during the busiest trading hours, 3am to 12am EST NY time. This method doesn't work in sideways markets, only in volatile trending markets. Time Frames: 1, 5, 10, 15 ,30 min. Currency pairs: majors. Other Chart indicators: Add Awesome Oscillator. Optionally Add Squeeze Indicator. Here's the strategy: Going LONG: Enter a long position when the black 3 EMA has crossed up through the Bollinger red middle band MA. At the same time, the Awesome should be approaching or crossing it's zeroline, going up. This is indicated by "Buy" alert. Going SHORT: Enter a short position when the black 3 EMA has crossed down through the Bollinger red middle band MA. At the same time, the Awesome should be approaching or crossing it's zero line, going down. This is indicated by the "Sell" Alert. Take profit: 10-20 pips depending on pair or When Awesome Oscillator turns a different colour. HINTS: Best trades tend to occur when price reversing bounce off outer band and outside the Optional Bollinger Squeeze indication.
Pine Script® indicator
by JustUncleL
80
Bill Williams. Awesome Oscillator (AO) Backtest This indicator is based on Bill Williams` recommendations from his book "New Trading Dimensions". We recommend this book to you as most useful reading. The wisdom, technical expertise, and skillful teaching style of Williams make it a truly revolutionary-level source. A must-have new book for stock and commodity traders. The 1st 2 chapters are somewhat of ramble where the author describes the "metaphysics" of trading. Still some good ideas are offered. The book references chaos theory, and leaves it up to the reader to believe whether "supercomputers" were used in formulating the various trading methods (the author wants to come across as an applied mathemetician, but he sure looks like a stock trader). There isn't any obvious connection with Chaos Theory - despite of the weak link between the title and content, the trading methodologies do work. Most readers think the author's systems to be a perfect filter and trigger for a short term trading system. He states a goal of 10%/month, but when these filters & axioms are correctly combined with a good momentum system, much more is a probable result. There's better written & more informative books out there for less money, but this author does have the "Holy Grail" of stock trading. A set of filters, axioms, and methods which are the "missing link" for any trading system which is based upon conventional indicators. This indicator plots the oscillator as a histogram where periods fit for buying are marked as blue, and periods fit for selling as red. If the current value of AC (Awesome Oscillator) is over the previous, the period is deemed fit for buying and the indicator is marked blue. If the AC values is not over the previous, the period is deemed fir for selling and the indicator is marked red. You can change long to short in the Input Settings Please, use it only for learning or paper trading. Do not for real trading.
Pine Script® strategy
by HPotter
Bill Williams. Awesome Oscillator (AC) Backtest This indicator plots the oscillator as a histogram where blue denotes periods suited for buying and red . for selling. If the current value of AO (Awesome Oscillator) is above previous, the period is considered suited for buying and the period is marked blue. If the AO value is not above previous, the period is considered suited for selling and the indicator marks it as red. You can change long to short in the Input Settings Please, use it only for learning or paper trading. Do not for real trading.
Pine Script® strategy
by HPotter
Bill Williams. Awesome Oscillator (AC) Strategy Backtest This indicator plots the oscillator as a histogram where blue denotes periods suited for buying and red . for selling. If the current value of AO (Awesome Oscillator) is above previous, the period is considered suited for buying and the period is marked blue. If the AO value is not above previous, the period is considered suited for selling and the indicator marks it as red. You can make changes in the property for set calculating strategy MA, EMA, WMA Please, use it only for learning or paper trading. Do not for real trading.
Pine Script® strategy
by HPotter
2
Bill Williams. Awesome Oscillator (AO) Signal Line This indicator is based on Bill Williams` recommendations from his book "New Trading Dimensions". We recommend this book to you as most useful reading. The wisdom, technical expertise, and skillful teaching style of Williams make it a truly revolutionary-level source. A must-have new book for stock and commodity traders. The 1st 2 chapters are somewhat of ramble where the author describes the "metaphysics" of trading. Still some good ideas are offered. The book references chaos theory, and leaves it up to the reader to believe whether "supercomputers" were used in formulating the various trading methods (the author wants to come across as an applied mathemetician, but he sure looks like a stock trader). There isn't any obvious connection with Chaos Theory - despite of the weak link between the title and content, the trading methodologies do work. Most readers think the author's systems to be a perfect filter and trigger for a short term trading system. He states a goal of 10%/month, but when these filters & axioms are correctly combined with a good momentum system, much more is a probable result. There's better written & more informative books out there for less money, but this author does have the "Holy Grail" of stock trading. A set of filters, axioms, and methods which are the "missing link" for any trading system which is based upon conventional indicators. This indicator plots the oscillator as a histogram where periods fit for buying are marked as blue, and periods fit for selling as red. If the current value of AC (Awesome Oscillator) is over the previous, the period is deemed fit for buying and the indicator is marked blue. If the AC values is not over the previous, the period is deemed fir for selling and the indicator is marked red.
Pine Script® indicator
by HPotter
16